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Texas Special District Local Laws Code

§ 1041.206 — REFUNDING BONDS

SD § 1041.206Title 3. HEALTH · Part A. HOSPITAL DISTRICTS · Ch. 1041. HIGGINS-LIPSCOMB HOSPITAL DISTRICT · Art. E. BONDS

Statute text

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(a)The board may, without an election, issue refunding bonds to refund outstanding bonds issued or assumed by the district.
(b)A refunding bond may be:
(1)sold, with the proceeds of the refunding bond applied to the payment of the bonds to be refunded; or
(2)exchanged wholly or partly for not less than a similar amount of outstanding bonds and the unpaid matured interest on the bonds.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.02, eff. April 1, 2009.

Source: Texas Special District Local Laws Code § 1041.206 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.